Ch 9 Problem Set (5) [Compatibility Mode] - Word Tell me what you want to do... AaBbCcDd AaBbCcDd AaBbC AaBbCcE AaB AaBbCcD AaBbCcDd AaBbCcDd Aa BbCcDd f Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em...Emphasis Intense E... Styles roblem Set for Credit Card Debt ATH 113: Section 9.4a Page 2 of 2 3. Rachel is purchasing a new camera that costs $3800 for her photography business. Rachel uses a credit card that has an APR of 16.99%. a. How long will it take her to pay off the camera if she makes monthly payments of $150? b. How much will she pay in the long run for the camera if she makes monthly payments of $150?

Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter11: The Billing/accounts Receivable/cash receipts (b/ar/cr) Process
Section: Chapter Questions
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Ch 9 Problem Set (5) [Compatibility Mode] - Word
Tell me what you want to do...
AaBbCcDd AaBbCcDd AaBbC AaBbCcE AaB AaBbCcD AaBbCcDd AaBbCcDd Aa BbCcDd
f Normal
1 No Spac... Heading 1
Heading 2
Title
Subtitle
Subtle Em...Emphasis
Intense E...
Styles
roblem Set for Credit Card Debt
ATH 113: Section 9.4a
Page 2 of 2
3. Rachel is purchasing a new camera that costs $3800 for her photography business. Rachel
uses a credit card that has an APR of 16.99%.
a. How long will it take her to pay off the camera if she makes monthly payments of
$150?
b. How much will she pay in the long run for the camera if she makes monthly
payments of $150?
Transcribed Image Text:Ch 9 Problem Set (5) [Compatibility Mode] - Word Tell me what you want to do... AaBbCcDd AaBbCcDd AaBbC AaBbCcE AaB AaBbCcD AaBbCcDd AaBbCcDd Aa BbCcDd f Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em...Emphasis Intense E... Styles roblem Set for Credit Card Debt ATH 113: Section 9.4a Page 2 of 2 3. Rachel is purchasing a new camera that costs $3800 for her photography business. Rachel uses a credit card that has an APR of 16.99%. a. How long will it take her to pay off the camera if she makes monthly payments of $150? b. How much will she pay in the long run for the camera if she makes monthly payments of $150?
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